Civic Intelligence

3M Employees Welfare Benefits Association

990 • Fiscal year 2017 • EIN 36-3604792

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

Organization ProfileN/A
3M Center Building 224-5n-40St Paul, MN 55144

(651) 736-8146

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

8.35x

Higher debt load relative to assets than 99% of similar nonprofits.

2017 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2017

Liabilities / Revenue

87th percentile

0.35x

Higher debt load relative to revenue than 87% of similar nonprofits.

2017 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2017

Net Margin

10th percentile

-27%

Higher net margin than 10% of similar nonprofits.

2017 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2017

Top Officer Pay

36th percentile

$16,860

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)9 • $250M-$1B nonprofits • Source year 2017

Asset Growth

1st percentile

-87%

Faster asset growth than 1% of similar nonprofits.

2017 filings • 501(c)9 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Revenue Growth

7th percentile

-27%

Faster revenue growth than 7% of similar nonprofits.

2017 filings • 501(c)9 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$13,747,569

Down $88,751,019 (-87%) from 2016

Net Assets

Down

-$100,993,970

Down $88,883,914 (-734%) from 2016

Liabilities

Up

$114,741,539

Up $132,895 (+0.1%) from 2016

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin10th percentile

Revenue

Down

$323,370,827

Down $121,974,019 (-27%) from 2016

Expenses

Down

$412,254,741

Down $2,922,232 (-0.7%) from 2016

Net Income

Down

-$88,883,914

Down $119,051,787 (-395%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$100M$0-$100M-$200MAssets 2010: $68,616,647Liabilities 2010: $109,026,633Net Assets 2010: -$40,409,9862010Assets 2011: $74,740,036Liabilities 2011: $115,450,594Net Assets 2011: -$40,710,5582011Assets 2012: $80,661,903Liabilities 2012: $112,664,194Net Assets 2012: -$32,002,2912012Assets 2013: $86,155,923Liabilities 2013: $107,238,460Net Assets 2013: -$21,082,5372013Assets 2014: $91,766,195Liabilities 2014: $109,123,521Net Assets 2014: -$17,357,3262014Assets 2015: $93,428,766Liabilities 2015: $112,824,512Net Assets 2015: -$19,395,7462015Assets 2016: $102,498,588Liabilities 2016: $114,608,644Net Assets 2016: -$12,110,0562016Assets 2017: $13,747,569Liabilities 2017: $114,741,539Net Assets 2017: -$100,993,9702017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2017

Assets$13,747,569
Liabilities$114,741,539
Net Assets-$100,993,970
Open 2017 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600M$400M$200M$0-$200MExpenses 2010: $340,689,0842010Expenses 2011: $355,098,6812011Expenses 2012: $382,381,2532012Revenue 2013: $396,050,627Expenses 2013: $395,475,538Net Income 2013: $575,0892013Revenue 2014: $375,859,924Expenses 2014: $378,287,383Net Income 2014: -$2,427,4592014Revenue 2015: $410,132,049Expenses 2015: $411,785,241Net Income 2015: -$1,653,1922015Revenue 2016: $445,344,846Expenses 2016: $415,176,973Net Income 2016: $30,167,8732016Revenue 2017: $323,370,827Expenses 2017: $412,254,741Net Income 2017: -$88,883,9142017Revenue 2018: $442,014,144Expenses 2018: $444,609,180Net Income 2018: -$2,595,0362018

Highlighted filing

2017

Revenue$323,370,827
Expenses$412,254,741
Net Income-$88,883,914
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$323,370,827
Mission and Program Overview

Mission

To finance medical, dental, and long-term disability benefits provided to current 3m employees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$94,825,520$2,686,004▼ $92,139,516
Cash and Non-Interest-Bearing Accounts$1,084$0▼ $1,084
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-12,110,056$-100,993,970▼ $88,883,914
Total Assets$102,498,588$13,747,569▼ $88,751,019
Other Assets Total$7,671,984$11,061,565▲ $3,389,581
Liabilities
Accounts Payable and Accrued Expenses$114,608,644$114,741,539▲ $132,895
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$114,608,644$114,741,539▲ $132,895
Net Assets / Fund Balance
Total Net Assets Fund Balance$-12,110,056$-100,993,970▼ $88,883,914
Total Liabilities and Net Assets / Fund Balance$102,498,588$13,747,569▼ $88,751,019

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$582--
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleBaseTotal
The Bank of New York MellonTrustee$16,860$16,860

Board Members and Trustees

NameTitle
Michael A AndersonPresident
Gregg M LarsonDirector
Marlene M McGrathDirector
Matthew J GinterDirector
Kimberly M TorsethAssistant Treasurer
David OverstreetSecretary
Dennis P DuerstTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Blue cross blue shieldPROCESS MED claims3535 BLUE CROSS ROAD, Eagan, MN 55122-1154$8,467,117
Health PartnersProcess Med Claims8170 33RD AVE S M/S 21104A, Bloomington, MN 55425$8,072,954
CaremarkPrcss Med Presc Clms2211 SANDERS ROAD, Northbrook, IL 60062$2,054,288
HewittRecordkeeping Svcs45 SOUTH 7TH ST STE 2100, Minneapolis, MN 55402$1,229,665
Delta DentalProcess Dental Clms3560 DELTA DENTAL DR, Eagan, MN 55122-3166$1,093,111
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$323,299,102
Investment Income
$71,725
Other Revenue
$0
Change in Net Assets
$-88,883,914

Audited Revenue Reconciliation

Revenue per Audited Statements
$323,370,816
Revenue Not Reported on Financial Statements
$11
Total Revenue per Audited Statements
$323,370,816
Total Revenue per Form 990
$323,370,827
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,286,684
Salaries, Compensation, and Employee Benefits$16,860
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$390,951,197
Fees for Services Other---$123,402
Fees for Services Accounting---$56,581
Other Expenses---$33,083
Current Officers, Directors, Trustees, and Key Employees---$16,860
Fees for Service Investment Mgmnt Fees---$11
Total Functional Expenses$0$0$0$412,254,741

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$412,254,741
Expenses per Audited Statements$412,232,430
Total Expenses per Audited Statements$412,232,430
Expenses Not Reported on Financial Statements$22,311
Other Expense Adjustments$22,300
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The trust does not have any committees authorized to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11

“The return is reviewed by individuals within the 3m company tax department prior to filing.”

Form 990, Part VI, Section C, Line 19

“Governing documentation and financial statements are not legally required to be disclosed to the public and therefore are not made available. The trust does not have a conflict of interest policy.”

Filing and Contact Details

Filer

Filer Name
3m Employees Welfare Benefits Association
EIN
36-3604792
In Care Of
% JED LARKIN
Phone
6517368146
Address
3M CENTER BUILDING 224-5N-40, ST PAUL, MN 55144

Signing Officer

Name
Kimberly M Torseth
Title
Asst. Treasurer
Phone
6517337377
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janice K Angell
Formed
1987
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
7

Preparer

Firm
Ernst & Young US Llp
Address
111 MONUMENT CIR STE 4000, INDIANAPOLIS, IN 46204
Preparer
Benjamin Pitchkites
Phone
3176817000
Supplemental Narrative

Financial Statement Notes

Part X, Line 2

“TRUST II CONSTITUTES A QUALIFIED VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION UNDER SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE (IRC) AND IS, THEREFORE, CONSIDERED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISIONS OF SECTION 50l(A). TRUST II OBTAINED ITS LATEST DETERMINATION LETTER ON JUNE 13, 1989, IN WHICH THE INTERNAL REVENUE SERVICE (IRS) STATED THAT TRUST II, AS DESIGNED, WAS IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. TRUST II HAS BEEN AMENDED SINCE RECEIVING THE DETERMINATION LETTER. HOWEVER, THE TRUST II ADMINISTRATOR BELIEVES THAT THE PLAN IS CURRENTLY DESIGNED AND BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XII, LINE 4B - OTHER ADJUSTMENTS CHANGE IN IBNR YEAR OVER YEAR $22,300”

Raw XML AppendixShowing 400 of 512 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt069983
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt069983
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt094825520
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02686004
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO FINANCE MEDICAL, DENTAL, AND LONG-TERM DISABILITY BENEFITS PROVIDED TO CURRENT 3M EMPLOYEES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0-12110056
IRS990/NetAssetsOrFundBalancesEOYAmt0-100993970
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01742
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01742
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07671984
IRS990/OtherAssetsTotalGrp/EOYAmt011061565
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0ADMINISTRATION
IRS990/OtherExpensesGrp/Desc1OTHER FEE
IRS990/OtherExpensesGrp/TotalAmt021073607
IRS990/OtherExpensesGrp/TotalAmt133083
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JANICE K ANGELL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525100
IRS990/ProgramServiceRevenueGrp/BusinessCd1525100
IRS990/ProgramServiceRevenueGrp/Desc0EMPLOYER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1MEMBER CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0236576558
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt186722544
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0236576558
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt186722544
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0393952516
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt030734233
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt021192504
IRS990/PYOtherRevenueAmt0-4024955
IRS990/PYProgramServiceRevenueAmt0418635568
IRS990/PYRevenuesLessExpensesAmt030167873
IRS990/PYSalariesCompEmpBnftPaidAmt031953
IRS990/PYTotalExpensesAmt0415176973
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0445344846
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-88883914
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-12110056
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-100993970
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt022311
IRS990ScheduleD/ExpensesSubtotalAmt0412232430
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt011
IRS990ScheduleD/InvestmentExpensesNotIncldAmt011
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt011060983
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1582
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REBATES RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED INTEREST AND DIVIDENDS
IRS990ScheduleD/OtherExpensesNotIncludedAmt022300
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt011
IRS990ScheduleD/RevenueSubtotalAmt0323370816
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TRUST II CONSTITUTES A QUALIFIED VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION UNDER SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE (IRC) AND IS, THEREFORE, CONSIDERED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISIONS OF SECTION 50l(A). TRUST II OBTAINED ITS LATEST DETERMINATION LETTER ON JUNE 13, 1989, IN WHICH THE INTERNAL REVENUE SERVICE (IRS) STATED THAT TRUST II, AS DESIGNED, WAS IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. TRUST II HAS BEEN AMENDED SINCE RECEIVING THE DETERMINATION LETTER. HOWEVER, THE TRUST II ADMINISTRATOR BELIEVES THAT THE PLAN IS CURRENTLY DESIGNED AND BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XII, LINE 4B - OTHER ADJUSTMENTS CHANGE IN IBNR YEAR OVER YEAR $22,300
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2
IRS990ScheduleD/TotalBookValueOtherAssetsAmt011061565
IRS990ScheduleD/TotalExpensesPerForm990Amt0412254741
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0323370827
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0323370816
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0412232430
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUST DOES NOT HAVE ANY COMMITTEES AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS REVIEWED BY INDIVIDUALS WITHIN THE 3M COMPANY TAX DEPARTMENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTATION AND FINANCIAL STATEMENTS ARE NOT LEGALLY REQUIRED TO BE DISCLOSED TO THE PUBLIC AND THEREFORE ARE NOT MADE AVAILABLE. THE TRUST DOES NOT HAVE A CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0410417775
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0MANUFACTURING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt03M COMPANY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt03M CENTER BUILDING 224-5N-40
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0ST PAUL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd055144
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt03M EEs Welfare Ben Assoc Trust I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt13M EEs Welfare Ben Assoc Trust III
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt23M EEs Welfare Ben Assoc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0411294448
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1411746690
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2411414203
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(9)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(9)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(9)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0FIN HLTH CARE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1FIN HLTH CARE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2FIN HLTH CARE

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,747,569
Liabilities
$114,741,539
Net assets
-$100,993,970
Revenue
$323,370,827
Expenses
$412,254,741
Net income
-$88,883,914
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$442$445$2.60
2017Detailed filing. Detailed filing data is available for this year.$13.7$115$101$323$412$88.9
2016Detailed filing. Detailed filing data is available for this year.$102$115$12.1$445$415$30.2
2015Detailed filing. Detailed filing data is available for this year.$93.4$113$19.4$410$412$1.65
2014Detailed filing. Detailed filing data is available for this year.$91.8$109$17.4$376$378$2.43
2013Detailed filing. Detailed filing data is available for this year.$86.2$107$21.1$396$395$0.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.7$113$32.0$382
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.7$115$40.7$355
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.6$109$40.4$341